Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2014.11.28 13:18

2 MA Channel Breakout - indicator for MetaTrader 4

| English Español Português 日本語 Deutsch

votes: 11

This indicator is based on the cross of a slow and fast EMA_close(not drawed) for the main trend,then at the breakout( close of the candle) of high/low channel a dot appear,if is white set a buyorder a the level of dot,sell if is red.

The two dot line are the SL level (HI-LO channel calculated on xx EMA),the white is for the buy, the red is for the sell operation, the two thick line are the TP level (Highest high since XX bars and Lowest low since XX bars).

Is my first indicator, feel free to make comments or some suggest to improve it.

I use 89 for the faster EMA and 144 for the slower and 89 for the SL and TP, and I suggest to use it in 1H or higher time frame.

I wish to create an EA with that indicator,that use the last entry signal level as pending order for buy/sell and a good system of trailing SL and TP.

2 MA Channel Breakout

Average (Breakeven) Price Indicator Average (Breakeven) Price Indicator

This indicator draws a horizontal line at the Average/Breakeven Price for multiple positions.

Multi Market  RSI  (GOLD-SILVER) Multi Market RSI (GOLD-SILVER)

RSI average commodity for gold and silver.

Coensio Swing Trader EA CSTV06 Coensio Swing Trader EA CSTV06

This EA makes it possible to trade semi-automatically using manually pre-defined support/resistance or breakout levels.

RoNz Clear All SL and TP RoNz Clear All SL and TP

Clear All StopLoss n TakeProfit on All Orders.